President Donald Trump is calling on a Federal Reserve governor to resign over an accusation of mortgage fraud.

President Donald Trump is calling on a Federal Reserve governor to resign over an accusation of mortgage fraud

U.S. Federal Reserve Chair Jerome Powell's speech to the annual Jackson Hole economic conference on Friday comes amid unprecedented pressure on the central bank from President Donald Trump, but mixed economic data may pull Powell toward a middle ground that leaves major questions unresolved.

Federal Reserve Chair Jerome Powell warned that the tariffs unleashed by U.S. President Donald Trump are pushing consumer prices higher and would continue to do so over the coming months. Powell gave the warning in his annual Jackson Hole speech on Friday,

The president does not have the power to remove Cook from office without cause. The Justice Department is investigating her for alleged mortgage fraud.

U.S. President Donald Trump on Friday said he would fire Federal Reserve Governor Lisa Cook if she doesn't resign, intensifying his effort to gain influence over the U.S. central bank. "I'll fire her if she doesn't resign,

Cook, the first Black woman to serve on the Fed board, said she had "no intention of being bullied to step down" after Trump called for her resignation.